Eric Cantor's Small-Business Tax Cut Faces Threat Of Presidential Veto Eric Cantor's Small-Business Tax Cut Faces Threat Of Presidential Veto I really have to hand it to the Republicans. They are as incompetent as ever. I would have no problem supporting any tax cut that creates new jobs, given the cost is reasonable. However, here we have a proposal to issue a tax credit that will cost taxpayers $46 billion, and even the Republican supporters state that it will only create around 100,000 new jobs. Now think about this and do the math. That works out to $460,000 of taxpayer money for each and every single new job. And Cons were complaining about the stimulus package? WTF? To make matters worse, it is stated that it would slash taxes for over 22 million small businesses at an average of $6500. If that is true, then the actual cost is closer to $143 billion making each new job created cost taxpayers $1,430,000. We really need more of these types of tax cuts, don't ya think?